64 Scotch Cap Road #112WaterfordCT06375
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Waterford at 64 Scotch Cap Road #112, Waterford, CT, 06375 generates $2,463/mo in rent and, after a $1,762/mo payment, leaves $17/mo in cash flow. Total monthly income is $2,463/mo, and annual cash flow is $204/yr on $119,340 invested. Return on cash invested sits at 20.08% in year one, and rental yield is 8.21% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash sums $124,749. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,463/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06375, Quaker Hill, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,529 (100%) |
| Owner Occupied HU | 1,256 (82.1%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 91 ( 6.0%) |
| Median Home Value | $350,348 |
| Average Home Value | $405,239 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
55
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Listed by: The One Team At William Raveis Real Estate • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24104677